ISLAND GLADES 2/T JALAN/LOR. DELIMA

ISLAND GLADES 2/T JALAN/LOR. DELIMA in Timur Laut, Penang recorded 9 subsale transactions in 2023, with a median price of RM 960K and a median price per square foot (PSF) of RM 633.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 960K, with most transactions falling within a stable range of RM 1.28 million to RM 1.24 million, and a typical market range of RM 1.28 million to RM 1.13 million.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 633, though individual units vary from RM 429 to RM 837 in the core range. The broader market spans RM 539.63 to RM 726.38, indicating diverse property characteristics. A wider spread (IQR: RM 186.75) and deviation (MAD: RM 204) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.